The Canton advocate. [volume] (Canton, D.T. [S.D.]) 1877-1897, 1887-05-05
ANNUAL STATEMENT.


sin, Made to the Auditor Of the Ter
ritOry Of Dakota, i'm Pursuance Oi
the Laws of Said Territory.
President, H. i. Palmer.
Vice president Ma athew Keenan,.
Secretary, J. W. Skinner.
Principal Office, Milwaukee, Wis.
Organized or incorporated March, 1857.
Commenced business November rs, 1865.
III. CAPITAL.
Amount Of capital stock actually paid in cash, pure
ly mutual,
". PROPERTY OR ASSETS OF THE COMPANY.
The value of it's real estate is $1,569,316 81
The cash on hand In its Office is,
including $9s658 16 of 1886 rec
ceived Jan. to 10, 1887 l6l ,307 Y
The cash On deposit in bank Is 1,232,272 81
Loans on bond and mortgages.
beiug the firstlien on real estate
worth double the amount Of the
sum loaned thereon 2l.123,75s 21
Total carried out at market val
ue 6O7,1n IS
Premium notes on policies in
force the reserve on each poll
cy being in excess of all indebt-
edness thereon l,O56,37S 9t
Interest due and uncollected $24-
$40 08 and accrued balance not
due $371,977 IS 396, ,497 6a
Deferred and unrepOrted prem
iums $620, ,466 90 interest 20 per
cent, leading on gross amount -. ouo or
S124.093 SO 496 ,373 ~
Ledger balances 20.729 81 bills
receivable s1,O743 80 21,sO3 "a
Accrued rent on company build
ing 1887 "a
Total assets 2s,sss,s7s ss
v. LIABILITIES.
Amount Of losses and matured
endowments yet unpaid in pro-
cess Of adjustment or adjusted
and not yet due 124, ,663 Al
Amount of claims for losses re-
sisted by the company $1,000 90
Amount of dividends declared
and due and remaining unpaid
estimated 1000 90
Premiums paid in advance 2,OOO
Accrued commissions 5000
(estimated.) Reserved for paid
up insurance caimab1e, 78, ,943-
81. Account not presented, L.
Amount of all other existing
claims reserve on outstanding
policies, actuaries table with
four per cent interest 2l,sss,e74 90
Surplus on policy holders account 4,429, Isl OF
Total liabilities 2s,ess,s7s as
vi. INCOME DURING THE YEAR 1856.
Whole amount of cash and note
premiums received 4,416,4S 65
Whole amount of cash and note
premiums received on policies
written in the territory of Da-
kota 1886 %
Whole amount of interest and
rent money received 1,454,3 AZ
Total income 5.s7o,7s7 OF
VII. EXPENSES DURING THE YEAR 1886.
Whole amount of losses and ma
tured endowments paid during
the year 1886 1,s44,ls2 oe
Amount of losses and matured
endowmeats paid upon risks
taken in the territory of Dako-
ia 1880 90
Amount of surrendered and
lapeed policies 248,912 81
Amount Of dividends paid during
the year 1886 s2O,9os 90
Amount of commissions and sal
aries paid to and agents during
the year 1886 agents ex-
Amount !,e. Ct taxes paid during the :.
Amount Of taxes paid the terri
tory Of Dakota during the year
Debet. balance profit and loss &C
count - ss,sls 80
Amount of fees paid tho auditor
of the territory of Dakota du-
ring the year 1856, not Including
Whole amount paid for salaries
of officers and clerks during
the year 1886, exclusive Of
medical and legal department l25.616 81
Whole amount Of all other ex
penditures during tie year
1886. legal department supplies,
postage, exchange advertising,
other expenses dncluding S11,
749 y commuted commissions) A7,7A 81
Total expenditures 3,57e.5O6 70
VIII. RISKS.
Gross amount of risks taken du-
ring the year 1886 2S,O82,62O
Gross amount Of risks taken in
the territory of Dakota during
the year 1856 !75,369
Whole amount of risks outstand-
ing 127,s2s,eos 90
Whole amount of losses incurred
during the yesr 1886, including
those claimed and not yet due 9S8, ,2l3 10
Whole amount of losses and ma
tured endowments incurred du-
ring the year 1886, including
those claimed and not yet due,
in the territory Of Dakota 13,400 90
State of Wisconsin, l
County of Milwaukee.
H. L. Palmer, president and j. w. Skinner Soc
retary, CT the Northwestern Mutual Life Insurance
company, being duly sworn depose and say that the
foregoing is to the best of their information,
knowledge and belief FULL true and correct state
ment Of the affairs Of said company; that the said
least one hundred thousand dollars of actual cash
capital, invested in the state and United States
stocks and bonds. or in bond and mortgages of
real estate unincumbered, and worth double the
amount for which the same is mortgaged, and they
the above desc ribed officers Of said insurance
company.
rs..,, II. L. PALMER, President.
J. W. SKINNER, Secretary.
Subscribed and sworn to before me this twenty
eighth day of January, 1887. W. II. FARNHAM.
(seall Notary Public, Milwaukee Co., Wisconsin
Territory Of Dakota,
Auditors Office,
Insurance Department.
I, James A. Ward, auditor of the territory OF Da-
kota, do hereby certify that the above 10 true copy
of the original statement on file IN this once.
In witness whereof I have hereunto
rco,,1 set my hand aud aHixed the seal Of
this Office at Bismarck, this 9Th day of
April, 1887.
JAMES A. WARD, Auditor.
The Territory Of Dakota,
Office Territorial Auditor,
Department OF Insurance.
Company's Certificate of Authority,
Whereas, the Northwestern Mutual Life Insur.
snce company, corporation organized under the
laws Of Wisconsin. has filed in this ONCE sworn
statement exhibiting its condition and business for
the year ending December 81, 1886, from which It
appears that the capital. the character OF the &C.
curies, aud the financial standing Of said company,
conform to the requirements OF the laws Of this
territory regulating the business Of insurance; /;
and.
Whereas, the said company has fled in this once
duly certified copy Of its charter, with certificate
Of organization, and has fully compiled with the